AFL: Don McLardy resigns as Melbourne Demons president

Don McLardy has quit as president of the Melbourne Demons, citing business pressures in announcing his decision on Friday.

The Demons, who have a 1-10 record in 2013 and have refused to guarantee coach Mark Neeld's future for the rest of the season, made a submission to the AFL Commission on Friday seeking extra funding and assistance.

"At a meeting of the board this afternoon, I formally advised my fellow board members that I was standing down as president of the club and resigning as a director effective immediately," McLardy said in a letter to members on the club's website.

"There are two main reasons for this difficult decision. From a personal perspective, the imminent partial sale of my business, the success of which depends on the next 12 months performance, means I cannot continue to dedicate the time and effort required to what is an extremely challenging role.

"However, just as important is the recognition that our club as a whole is not performing as we expected, and as explained in my president's speech on Monday change is required and members deserve to see a clear path forward for our club with new leadership, direction and energy as soon as possible."

McLardy has been involved in a public slanging match with former Hawthorn president Jeff Kennett. The ex-Victorian premier has flagged his interest in replacing McLardy.

McLardy took over as Demons president during Jim Stynes' battle with cancer in February last year. His tenure featured a number of off-field low points, including the AFL tanking investigation.

His resignation comes after the sacking of Demons chief executive Cameron Schwab earlier this season.

Director Peter Spargo will serve as interim president.

Demons chief executive Peter Jackson admits Melbourne's poor form is having a negative effect on the entire league.

"It's a package of things we've asked for. It does involve developing our list," Jackson said after a meeting with the AFL Commission.

"But it also involves restructuring the club. We got a good feeling from in there. It was positive.

"They understand the impact we're having on the whole competition at the moment."